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Taking a look at the day’s business news influencing market moving activity, and forex.An Arena Holdings production.Keywords: money, opportunity, business plan, business ideas, business news, inco... more
FAQs about Market Wrap:How many episodes does Market Wrap have?The podcast currently has 1,627 episodes available.
August 14, 2019Market Wrap - Stock Pick — SasolNesan Nair from Sasfin Securities chose Sasol as his stock pick of the day."It is very hard to pick a stock right now but I am going to go for Sasol because I think there is probably going to be some bad news. There is sufficient margin of safety there for investors to seriously start looking at that right now."...more8minPlay
August 14, 2019Market Wrap - Metair delivers 21% rise in first-half HEPSReal volume growth and higher value component opportunities has helped automotive parts maker, Metair shrug off tough economic challenges during the interim period - as a result, the company's reported a 19% rise in revenue, a 21% jump in earnings growth while the interim dividend grew by 25%. Metair CEO, Theo Loock talks to Business Day TV about their interum results and what this means for the company's future....more9minPlay
August 13, 2019Market Wrap - Stock Pick — FortressSteven Schultz from Momentum chose Fortress REIT Ltd B as his stock pick of the day. "I'm going to bet on South Africa as an economy and by extension, a listed property called Fortress. It obviously operates in a severelydepressed economy, which has taken its toll on the share price as has allegations of market manipulation and accounting irregularities. They have of course been cleared by the FSCA of any wrongdoing as well as audit by the PWC. Since 2017 their share price has been down between 60% and 70% to today. I think that they've been using the depressed market price market quite wisely in terms of buying up new stock - anywhere between three and nine percent so that should give a bit of a kick to dividends. And even if you assume a moderate distribution growth going forward I think they're pretty cheap at R10,50 per share."...more9minPlay
August 12, 2019Market Wrap - Stock Pick — cashCaroline Cremen from Adviceworx chose cash as her stock pick of the day. "Cash, locally and offshore. The moment at the moment is not in your favour for an uptick. The Chinese, US meeting is only happening in September - that is a quite a long time for a lot of volatility so, right now, stay put."...more9minPlay
August 08, 2019Market Wrap - MTN's domestic business hurt by Cell C write-off of R211MDespite MTN facing headwinds in Nigeria, continued growth in the region has helped cushion the company from slowing growth in its domestic market where earnings were hit by a Cell-C write down and the loss of close to 2 million subscribers. Overall, adjusted headline earnings grew 12% and a dividend of R1.95 has been declared reflecting an increase of over 11%. Business Day TV caught up with Rob Shuter, Group CEO of MTN us to discuss the kind of pressure its facing in SA, and how its being offset......more7minPlay
August 07, 2019Market Wrap - Stock Pick - stop loss on oilViv Govender from Rand Swiss Offshore is taking a stop loss on oil as his stock pick of the day."I'm cutting my bet on oil, I was betting on oil because of the protection on the downside and a huge long term upside if something happens with the middle east and Iran but I have seen some analysis this week that has scared me about the oil price. The scenario that really worries me is what happens if China goes out and starts to ignore US sanctions against oil from Iran, we would see oil prices fall around $10-$20 from that point of view and that is a huge downside risk that I wasn't taking into account."...more8minPlay
August 06, 2019Market Wrap - Stock Pick — Stor-AgeGrant Gilburt from Nedbank Private Wealth chose Stor-Age Prop REIT Ltd as his stock pick of the day."My pick is Stor-Age, it's a very niche fund avoiding all commercial property that is to focused on office space or retail space. Stor-Age as the name suggests is a storage player we should see at least small distribution growth which is much better than the rest of the sector but it has been selling off quite a bit. It is also quite a nice defensive player in the current market."...more11minPlay
August 05, 2019Market Wrap - Stock Pick — MicrosoftCaroline Cremen from Adviceworx chose Microsoft as her stock pick of the day"I'm going to Microsoft as one really needs to use volatility like this. Microsoft is a tech stock but it is also a blue chip. It's got great cash flows, great management, it is not over geared and use the volatility to pick up a blue chip for your portfolio"...more8minPlay
August 02, 2019Market Wrap - Stock Pick — RodiumSam Mokorosi from Vunani Capital chose a Rhodium ETF as his stock pick of the day."We like Rodium, they have been running for a few years now and we think it still has some steam to go. It is complimentary to platinum and can displace platinum in terms of the converters and so the whole theme around being environmentally friendly and going green is certainly helping Rodium at the moment, so we think you should go out and buy that ETF."...more8minPlay
August 01, 2019Market Wrap - Stock Pick — offshoreRobert Towell from Sasfin Securities suggest to look offshore as a stock option for the day."I think that South Africa is a very difficult place to invest in at the moment and although the rand has blown out, I think you can look offshore. There is growth in Amazon, and Apple came out with very good numbers so on an international side if you take a look at the S&P 500, 70% of the companies that have reported so far have beaten estimates so there is growth, I would follow the growth and invest offshore"...more9minPlay
FAQs about Market Wrap:How many episodes does Market Wrap have?The podcast currently has 1,627 episodes available.